---
kind: "section"
citation: "12 C.F.R. § 1310.1"
title: "12"
number: "1310.1"
heading: "Authority and purpose."
url: "https://uscodex.org/cfr/12/1310.1"
---

# §1310.1. Authority and purpose.

- (a) **Authority.** This part is issued by the Council under sections [111](/cfr/12/111.md), [112](/cfr/12/112.md) and [113](/cfr/12/113.md) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) (12 U.S.C. [5321](/usc/12/5321.md), [5322](/usc/12/5322.md), and [5323](/usc/12/5323.md)).
- (b) **Purpose.** The principal purposes of this part are to set forth the standards and procedures governing Council determinations under [section 113](/cfr/12/113.md) of the Dodd-Frank Act ([12 U.S.C. 5323](/usc/12/5323.md)), including whether material financial distress at a nonbank financial company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the nonbank financial company, could pose a threat to the financial stability of the United States, and whether a nonbank financial company shall be supervised by the Board of Governors and shall be subject to prudential standards in accordance with title I of the Dodd-Frank Act.

## Notes

### Authority

Authority: 12 U.S.C. 5321; 12 U.S.C. 5322; 12 U.S.C. 5323.

### Source

Source: 77 FR 21651, Apr. 11, 2012, unless otherwise noted.